SAR Televenture FPO is scheduled to hit the market on July 22, 2024 and close on July 24, 2024. SAR Televenture FPO plans to raise around ₹150.00 Cr through an IPO with a sale of up to 7,142,857 equity shares of ₹2 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
SAR Televenture Limited, founded in May 2019, specializes in providing telecommunication solutions to network operators. The company, registered as an Infrastructure Provider Category I with the Department of Telecommunications, offers services such as installing and commissioning 4G and 5G towers, Optical Fibre Cable (OFC) systems, and dealing in network equipment. Additionally, SAR Televenture leases out built sites like GBT/RTT/Pole sites and Out-Door Small Cell (ODSC), while also establishing and maintaining assets such as Dark Fibers, Right of Way, Duct Space, and Towers for lease, rent, or sale to telecom service licensees.
With a focus on project management services for optic fiber networks and telecom utilities in Maharashtra, SAR Televenture has installed 413 leased towers in various regions by May 31, 2024. The company is certified with ISO 9001:2015, ISO 140001:2015, and ISO 45001:2018 standards. Furthermore, on January 3, 2023, SAR Televenture acquired SAR Televentures F.Z.E in the UAE, now focused on laying fiber cables and trading network equipment. Currently employing 38 individuals across different departments, SAR Televenture remains dedicated to serving Telecom Network Operators, Broadband Service Operators, and ISPs.
SAR Televenture FPO Details
SAR Televenture FPO opens on July 22, 2024, and closes on July 24, 2024. The Listing date for SAR Televenture FPO is on July 29, 2024. The price band for IPO is ₹200 to ₹210 per share and lot size of 500 Shares.
| IPO Date | July 22, 2024 to July 24, 2024 |
| Listing Date | July 29, 2024 |
| Price | ₹200 to ₹210 per share |
| Lot Size | 500 Shares |
| Issue Size | ₹150.00 Cr |
| Face Value | ₹2 per share |
SAR Televenture FPO Tentative Timetable
SAR Televenture FPO opening date is July 22, 2024 and close date is July 24, 2024. The IPO allotment date is July 25, 2024. The refund initiation of IPO is on July 26, 2024. The credit of shares in demat account is on July 26, 2024. The listing date is on July 29, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 22, 2024 |
| IPO Closing | July 24, 2024 |
| IPO Allotment Date | July 25, 2024 |
| Refund Initiation | July 26, 2024 |
| Shares Credit to Demat | July 26, 2024 |
| Lisiting Date | July 29, 2024 |
SAR Televenture FPO Lot Size
Lot Size of this IPO is 500 shares. A retail-individual investor can apply for up to 1 lots (500 shares or ₹105,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 500 | ₹105,000 |
| Retail(Maximum) | 1 | 500 | ₹105,000 |
| HNI (Minimum) | 2 | 1000 | ₹210,000 |
SAR Televenture FPO Promoter Holding
| Pre Issue Share Holding | 66.27% |
| Post Issue Share Holding |
SAR Televenture FPO Review
SAR Televenture Ltd. (STL) is launching a unique composite issue, combining a Rights Issue (RI) and a Further Public Offer (FPO) to raise Rs. 450 crore. The FPO, priced between Rs. 200 and Rs. 210 per share, will be open from July 22, 2024, to July 24, 2024, aiming to raise Rs. 150 crore. The RI, priced at Rs. 200 per share, will raise Rs. 300 crore and be open from July 15, 2024, to July 22, 2024. This is the first time a company in India is doing such a combined issue. STL previously raised Rs. 24.75 crore in its initial public offering (IPO) in November 2023 at Rs. 55 per share. The company’s major customers include Airtel, Vodafone, Jio, and BSNL.
STL, which provides telecommunication solutions, had 413 towers in operation as of May 31, 2024. However, the number of tower installations varied significantly over the years. STL acquired SAR Televentures F.Z.E in the UAE to expand into the Fiber to the Home (FTTH) market. The company’s debt-to-equity ratio of 2.48 as of March 31, 2024, is expected to decrease after the RI, as borrowings will be adjusted. STL's revenue is expected to shift from 95% Gulf operations to a more balanced 60% Gulf and 40% domestic after its expansion plans are completed.
Financially, STL saw a dramatic increase in income and profit in FY24, which raises questions about future sustainability. The company reported income and net profit of Rs. 4.75 crore and Rs. 0.04 crore in FY22, Rs. 32.52 crore and Rs. 3.94 crore in FY23, and Rs. 124.17 crore and Rs. 15.66 crore in FY24. The issue is priced at a P/E of 50.23 based on FY24 earnings, which seems high. Despite these concerns, STL’s plans to expand and its strong customer base suggest potential for future growth. Thus, well-informed investors might consider investing moderate funds for medium to long-term gains.
SAR Televenture FPO Subscription Status (Bidding Details)
Table not foundSAR Televenture FPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
SAR Televenture FPO FAQs
What is SAR Televenture FPO?
SAR Televenture FPO is issuing 7,142,857 equity shares with a face value of ₹2 each, totaling up to ₹150.00 Cr. The shares are being offered at a price of ₹200 to ₹210 each, with a minimum order quantity of 500 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When SAR Televenture FPO will open?
SAR Televenture FPO will open on July 22, 2024 for QIB, NII, and Retail Investors.
When SAR Televenture FPO will end?
SAR Televenture FPO will end on July 24, 2024.
What is SAR Televenture FPO Size?
SAR Televenture FPO size is ₹150.00 Cr.
What is SAR Televenture FPO Price Band?
SAR Televenture FPO price band is ₹200 to ₹210 per share.
What is the SAR Televenture FPO Allotment Date?
SAR Televenture FPO allotment date is July 25, 2024.
What is the SAR Televenture FPO Listing Date?
SAR Televenture FPO listing date is July 29, 2024. The IPO is to be listed on BSE and NSE.
How to SAR Televenture FPO through Zerodha?
To apply for the IPO “SAR Televenture” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply SAR Televenture FPO through Upstox?
To apply for the IPO “SAR Televenture” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check SAR Televenture FPO Allotment Status?
For SAR Televenture FPO IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is SAR Televenture FPO GMP?
You can check out here: SAR Televenture FPO GMP